A backhoe was purchased Fig and Tree on April 10, 2018 for $89,000 with a useful life of 8 years and estimated output of 200,000 hours. Its estimated salvage value was $5,000. Fig and Tree's year-end end December 31. In fiscal 2018 (the year ending December 31, 2018) the backhoe operated for 25,000 hours and in fiscal 2019 it ran for 19,900 hours. Use the above scenario for the next three questions. Round dates to the nearest month using the 15th as the middle of the month, round percentages to 2 decimal places, round money to the nearest dollar.

1. Using the straight-line method, what is the depreciation expense for December 31, 2018?

2.Using the Double Diminishing Balance Method, what is the depreciation expense for December 31, 2018?

3. Using the Units of Production Method, what is the depreciation expense for December 31, 2019?